British power generator and network operator SSE said today it expects to report half-year adjusted earnings of at least 30 pence per share, without specifying an upper end to the outlook.
The company continues to see a subdued performance in its renewables business.
For the same period last year, SSE posted an adjusted earnings per share on continuing operations of 41.8 pence, helped by record high energy prices and strong renewable power generation.
The company said the guidance took into account "renewables performance which remains below expectations, with output around 19% behind plan for the six months to 30 September, mainly due to adverse weather conditions."
In May, the company set out plans to invest up to £40 billion this decade on clean energy projects, as Britain ramps up its renewable power capacity with a target of net zero emissions by 2050.
SSE stood by its full-year adjusted profit forecast of more than 150 pence per share but warned that falling prices and stable market conditions would continue for the rest of the year.
With the key winter months coming up, SSE said it expects to provide an updated outlook for per-share profit later in the year.
The company, which owns SSE Airtricity here, is due to report half-year results on November 15.
